Exchangeability - Law Dictionary Search Results
Joint venture abroad
laws and regulations of that country and in which investment has been made by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, Reg. 2 (f)]
Lend and loan
of it by the person to whom it was lent, Ram Ratan Gupta v. Director of Enforcement, Foreign Exchange Regulation, (1966) 1 SCR 651: AIR 1966 SC 495 (496). [Foreign Exchange Regulation Act, 1947, s. 4(1)]
Maturity
Maturity, the maturity of a promissory note or bill of exchange is the date at which it falls due. [Nego-tiable Instruments Act, 1881 (26 of 1881), s. 22] --the
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Month
world a month is deemed to be a calendar month; and this rule is applied to bills of exchange and promissory notes by s. 14, sub-s. 4, of the (English) Bills of Exchange Act, 1882 (45 &
Negotiation by delivery
1881 (26 of 1881), s. 47] Subject to the provision of s. 58, a promissory note, bill of exchange or cheque payable to bearer is negotiable by delivery thereof. Exception.--A promissory note, bill of exchange or cheque
Not negotiable
or can give a better title than the person had from whom he took it, see Bills of Exchange Act, 1882, s. 81; G.W. Ry. Co. v. London and County Bank, 1901 AC 422. [S. 130, Negotiable
Payee
the instrument, directed to be paid, Negotiable Instruments Act, 1881, s. 7. One to whom a bill of exchange or promissory note or cheque is made payable; he must be named or otherwise indicated therein, with reasonable
Property
located. [The Prevention of Money-Laundering Act, 2002, s. 2(v)] Means corporeal or incorporeal rights including money which is exchangeable in value capable of satisfying temporal needs of its owner, Chattar Lal v. Motor Accident Claims Tribunal, 1997
Subject to contract
606. Means that the matter remains in negotiation until a formal contract is settled and formal contracts are exchanged, Keppel v. Wheeler, (1927) 1 KB 577. Means the parties to contract have locus penitentiae until formal contracts
Resident in India
Resident in India, the intention of the Legislature was plainly to prohibit all transactions in foreign exchange by persons who are residents of India whether such transactions take place during their actual residence in India
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